[RT] 60/40 taxes, corporate passthrough

["Gary Fritz" <fritz@xxxxxxxx>]

> Also futures trades, no matter the duration, are taxed as 60% 
> long term capital gains.

One thing I've never been sure about:  is this only if you trade them 
on your personal account?

I trade in an account owned by my corporation.  We've done all our 
business ventures under this corporate umbrella, which has allowed us 
to play some useful tax games.  But I wonder if it's the wrong 
approach for trading.  It's an S-corp, so it pays no taxes -- all 
profits flow through to me as salary/dividends.  So since I receive 
it as salary/dividends, does that mean I don't qualify for the 60/40 
treatment?

Offhand I'm not even sure if salary taxation is better or worse than 
cap gains.  My CPA does my taxes.  :-)  I think cap gains tax is less 
than income tax (and isn't subject to FICA/Medicare), but I'm not 
sure.  I need to ask my CPA about this but I'd like to be reasonably 
informed before I raise it with him.

Gary